Stock index futures pointed to a higher open on Wall Street on Wednesday following the previous session's sharp sell-off, with futures for the S&P 500 up 0.51 percent, Dow Jones futures up 0.34 percent and Nasdaq 100 futures up 0.54 percent at 0925 GMT.
World stocks tumbled toward five-month lows on Wednesday and top-rated government bonds rallied as worries grew that fiscal cutbacks and stagnating factory output would prolong a global economic slowdown and aggravate Europe's debt crisis.
Asian stocks fell more than 2 percent and gold sat near a record above $1,660 an ounce on Wednesday, with fears increasing that Washington's efforts to cut spending will slow growth at a time when global factory output is already stagnating.
A senior official at rating agency Standard & Poor's said on Wednesday that global markets have already discounted a possible U.S. ratings downgrade, and that Asian nations' ratings were generally on an uptrend despite global economic woes.
Chipmaker Cavium Inc posted a quarterly profit above market estimates, helped by strong growth in its broadband and consumer business, but forecast weaker-than-expected third-quarter revenue, sending its shares down 10 percent after hours.
The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turned their attention to the stalling economy.
Stocks dropped on Tuesday as worries about the health of the global economy and a possible downgrade for U.S. debt sent the S&P 500 crashing through key technical levels in an ominous sign for markets.
Stocks dropped on Tuesday on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as Congress passed a bill to avoid a debt default.
Stocks declined on Tuesday, putting the S&P 500 on track for its longest down streak since October 2008, on worries over the United States' debt and economic outlook.
Stocks fell on Tuesday as investors fretted about a possible credit downgrade amid concerns that economic growth could remain subdued.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade as questions lingered over the economy's strength.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns that a credit downgrade could be avoided.
Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns that a credit downgrade could be avoided.
Stock index futures pointed to a lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.5 percent at 0919 GMT.
World stocks hit a two-week low on Tuesday as markets' focus turned back to weak global growth prospects and the euro zone's debt troubles after a U.S. budget deal that will knock more than $2 trillion off public sector spending in coming years.
Metro , the world's No.4 retailer, said risks to its 2011 profit target had grown as the global economic recovery falters and shoppers fret about the European debt crisis and higher food prices.
Asian shares fell on Tuesday as sluggish U.S. and global manufacturing data added to concerns about the health of the world economy, while a strengthening yen prompted speculation that Tokyo may intervene in the markets to curb the currency.
The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.
Communication software maker Synchronoss Technologies Inc posted better-than-expected quarterly results, helped by a 13 percent jump in revenue at its largest customer, AT&T Inc, and raised its full-year outlook.
U.S. manufacturing grew at its slowest pace in two years in July as new orders contracted, casting doubt on expectations the faltering recovery would quickly regain steam.
The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling.
Wall Street fell for a sixth day on Monday on renewed angst about Washington's ability to reach a deal on raising the U.S. debt ceiling and following disappointing news from the manufacturing sector.
Stocks dropped 1 percent on Monday as weaker-than-expected U.S. manufacturing data and uncertainty over the debt deal in Washington left investors wary about the outlook for the economy and the market.
SHELL GAMES: A Reuters InvestigationArticles in this series are exploring the extent and impact of corporate secrecy in the United States.
Stocks turned negative after a strong opening on Monday as relief over a last-ditch debt deal in Washington faded after a weak reading on the manufacturing sector.
Stocks rallied on Monday on relief over a last-ditch deal in Washington to raise the U.S. borrowing limit and avert an unprecedented default, though analysts said the gains could be short-lived.
Stock index futures surged more than 1 percent on Monday on relief over a deal in Washington to raise the debt ceiling, avoiding an unprecedented default.
Stock index futures surged more than 1 percent on Monday on relief over a deal in Washington to raise the debt ceiling, avoiding an unprecedented default.
Stock index futures jumped on Monday, pointing to sharp gains in equities, as Republican and Democratic leaders reached an agreement to cut about $2.4 trillion from the deficit and avoid an unprecedented U.S. default.
Stock index futures jumped at the start of electronic trading on Sunday evening as investors bet that lawmakers in Washington were set to reach a deal on raising the country's debt limit.